#mehangai news - How rising crude prices will impact Indian oil industry

Economic TimesHow rising crude prices will impact Indian oil industryEconomic TimesBut OMCs may come under pressure, if the government imposes price caps. For each $1 increase in crude price, OMCs raise petrol and diesel prices by around 40 paisa—a hike of around Rs 2 for every $5 dollar increase in crude. If this increase is not ...

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